Atalanta are standing firm in their €60 million valuation of winger Ademola Lookman, despite Napoli pulling out of the race to sign the Nigerian international. The 27-year-old forward, who was named African Footballer of the Year in 2024, has attracted significant interest from Atletico Madrid, who are now the frontrunners to secure his signature.
Lookman enjoyed an impressive campaign in the 2024/25 Serie A season, scoring 15 goals and providing five assists in 31 appearances. His performances have not only solidified his place as one of Atalanta’s most important players but also made him a valuable asset in the European transfer market. His current contract with the Bergamo-based club runs until the summer of 2027, giving Atalanta significant leverage in transfer negotiations.
Atletico Madrid’s growing interest in Lookman is part of their broader efforts to reinforce their attack ahead of the new La Liga season. The Spanish giants view the Nigerian as a versatile forward who can add both pace and goal-scoring ability to their squad. However, they must now decide whether to meet Atalanta’s firm asking price, especially with other attacking options also on their radar.
Napoli, who were initially in the race for Lookman, have decided to abandon the deal, citing the high valuation as a key reason. Club officials reportedly believe that the €60 million price tag is excessive for a player nearing the age of 30, even though Lookman’s contract situation and current form justify Atalanta’s stance. Napoli had considered Lookman as a potential replacement for Kvicha Kvaratskhelia, who left the club during the January transfer window. Head coach Antonio Conte had been keen to fill the void on the left wing with a player of Lookman’s profile, but the Serie A champions have now turned their attention to other targets, notably Italian winger Federico Chiesa.
Chiesa, who recently helped Liverpool win the Premier League title during his loan spell from Juventus, is now seen as a more attainable option for Napoli. Meanwhile, Atalanta have made it clear that they are not in a rush to sell Lookman unless their financial expectations are met.
Although Atalanta are open to negotiating Lookman’s exit, any potential suitor will need to come close to the €60 million mark, excluding add-ons. The club believes that his peak form, international recognition, and contract length make him one of the most valuable wingers in Europe. With Atletico Madrid still in the hunt and weighing their options, the future of Ademola Lookman remains one of the most intriguing storylines of the summer transfer window.
